Intech Investment Management LLC Buys 19,566 Shares of Republic Services, Inc. (NYSE:RSG)

Intech Investment Management LLC lifted its position in Republic Services, Inc. (NYSE:RSG) by 29.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,189 shares of the business services provider’s stock after buying an additional 19,566 shares during the quarter. Intech Investment Management LLC’s holdings in Republic Services were worth $17,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Simmons Bank boosted its holdings in Republic Services by 2.8% in the 3rd quarter. Simmons Bank now owns 1,895 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 51 shares during the period. RFG Advisory LLC boosted its stake in shares of Republic Services by 0.5% in the second quarter. RFG Advisory LLC now owns 10,603 shares of the business services provider’s stock valued at $2,061,000 after buying an additional 53 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in Republic Services by 2.9% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,860 shares of the business services provider’s stock worth $362,000 after buying an additional 53 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Republic Services by 16.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 382 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 54 shares in the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Republic Services by 4.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 1,433 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 55 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Brian M. Delghiaccio sold 5,071 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the transaction, the chief financial officer now directly owns 6,318 shares of the company’s stock, valued at $1,326,906.36. This trade represents a 44.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RSG shares. TD Cowen increased their price objective on shares of Republic Services from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, August 5th. Oppenheimer lifted their price objective on shares of Republic Services from $219.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on Republic Services from $208.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus lifted their price target on Republic Services from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets upped their price objective on Republic Services from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Republic Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.71.

Republic Services Trading Up 0.8 %

NYSE RSG opened at $212.62 on Thursday. Republic Services, Inc. has a 12 month low of $158.68 and a 12 month high of $216.18. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $66.58 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. The business’s 50-day moving average price is $204.17 and its two-hundred day moving average price is $198.54.

Republic Services (NYSE:RSG) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.20. Republic Services had a net margin of 12.46% and a return on equity of 18.18%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business earned $1.54 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Republic Services, Inc. will post 6.24 EPS for the current year.

Republic Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s payout ratio is 37.12%.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.